Uber has agreed to pay $271.8 million to Australian taxis and hire car drivers, operators and license holders to compensate them for losing income and license values when the rideshare giant moves into the Australian market.
The class action against Uber was expected to go to trial in the Supreme Court of Victoria on Monday but Judge Lisa Nichols vacated it after the rideshare giant agreed to the colossal settlement.
It was the fifth-largest class action settlement in Australian history and one of the most successful class actions against Uber, the lawyers behind the case said.
Maurice Blackburn Lawyers principal Michael Donelly said the settlement was preceded by a five-year legal battle in which Uber “fought tooth and nail at every point along the way”.